BIT Mining (NYSE stock code: BTCM) has released its unaudited financial results for the third quarter ending September 30, 2023. The company's Q3 revenue was $77 million, a significant decrease of $20 million from Q3 2022, but an increase of $2.9 million from Q2 2023. The company had a cryptocurrency asset impairment of $1.2 million and a net gain of $1.8 million from the sale of cryptocurrency assets in Q3 2023.

Tether Holdings Ltd has announced a 3-year plan to invest $500 million in its Bitcoin mining venture, with the aim of becoming one of the world's top Bitcoin mining companies. The funds will be used to construct crypto mining sites and purchase stakes in other companies. Tether hopes to hit 120 megawatts in its mining operations by the end of the year and 450 megawatts by the end of 2025. This move marks a pivot away from Tether's USDT token and could transform the competition around it.

TeraWulf, a Bitcoin mining company, released its third-quarter financial report, which showed that its self-mining business produced 994 BTC, an increase of 9.5% compared to the second quarter; revenue was $19 million, an increase of 22.6% compared to the previous quarter; it is expected to use the cash generated in the third quarter to repay about $7 million in debt, of which $5.5 million will be repaid in October 2023; the gross profit for the third quarter increased to $10.7 million, while it was $10.3 million in the second quarter.

Bitcoin mining enterprise Mawson Infrastructure Group released its Q3 2023 financial report, with output of 246 BTC, a 35% increase QoQ; BTC revenue from self-mining increased by 41% to $6.9 million QoQ; as of September 30th, Mawson's revenue was $11.3 million, a 7% increase QoQ.

According to data from Blockchain.com, on November 12th, the daily Bitcoin mining reward will surpass $44 million for the first time in 2023. The last time this number was seen was in April 2022.

According to BTC.com data on November 13th, BlockBeats reported that the Bitcoin mining difficulty adjustment occurred at block height 816480, with the mining difficulty increasing by 3.55% to 64.68 T, reaching a new historical high. Currently, the average network hashrate is 458.13 EH/s.

Fidelity Digital Assets' report offers a positive assessment of Bitcoin mining's environmental impact, noting that most Bitcoin mining relies on renewable energy sources. Data from the 'Global Cryptocurrency Benchmarking Study' estimates that 39% to 76% of miners use renewable energy, with Bitcoin mining's CO2 emissions accounting for only 0.17% of global emissions.

On November 9th, Bitcoin mining company Riot Platform announced its production and operation updates for the third quarter. In this quarter, a total of 1,106 Bitcoins were mined, bringing the total production since the beginning of 2023 to 4,996. In addition, the total revenue for this quarter was $51.9 million, with a hash rate capacity of 10.9EH/s, setting a new historical record. As of the end of this quarter, the company has a total of $290 million in cash and 7,327 Bitcoins, with a total liquidity of nearly $500 million.

In October, Bitcoin mining revenue increased by $131.45 million compared to September. The soaring price of BTC last month greatly boosted mining revenue, while fee revenue decreased by $5.44 million compared to the previous month. In addition, in terms of monthly income generated by BTC block rewards, October ranked second in the year.

BTC Digital, a China-based company that provides English language training services, has announced the purchase of 220 new Bitcoin mining units, bringing its total to 2,174 machines with over 230PH/s of computing power. The new acquisitions are expected to become operational by the end of November. The company made the deal with two unaffiliated third parties for Bitmain Antminer S19j Pro units in exchange for shares of ordinary company stock valued at $968,800. BTC Digital expanded into Bitcoin mining at the end of 2021 and aims to continue improving its financial conditions and maximizing value for shareholders with the recent purchases and plans to increase the number of mining machines.